NIO (NIO) launched its new flagship ET9 EV over the weekend, a premium executive car aimed at “the new generation of high-end business users.” The new flagship EV will take on Porsche and Mercedes with starting prices around 800,000 yuan ($112,000).
NIO Day 2023 brings new EVs and tech
The ET9 made its debut over the weekend during NIO Day 2023. NIO’s new flagship EV features its latest tech to showcase “a perfect package of flagship-style exterior, spacious interior, immersive experience, efficient recharging,” and more.
At 5,325 mm (210″) long, 2,016 mm (79″) wide, and 1,620 mm (64″) tall, the ET9 will rival the Porsche Panamera (205″ X 78″ X 56″) and other premium vehicles from Mercedes, BMW, and others as NIO looks to expand its market.
The electric car adopts a “Landjet” design with ample cabin space, comfort, safety, and steering.
With a four-seat layout, the “Executive Bridge” interior includes a 360-degree tray table for rear passengers.
NIO filed 24 self-developed patents for the first-class rear seats. They include a backrest that can adjust 45 degrees, a wide (582 mm) seat cushion, and 11 one-push adjustments. You can also switch between seven different electric sunshades for maximum comfort.
New flagship NIO ET9 premium EV (Source: NIO)
NIO unveils flagship ET9 EV for $112,000
The ET9 features China’s first full-domain 900V architecture, with up to 925V, 600 kW peak power, and 765A peak charging current.
With NIO’s battery swap, the ET9 can be recharged in three minutes. Or, fast charging can add 255km (158 mi) in five minutes.
Integrated with over 100 NIO full-stack technologies, the ET9 features its first five-nanometer auto-grade chip (NX9031) and large cylindrical battery cells.
NIO’s new flagship ET9 is available for pre-order in China, but deliveries are not expected until early 2025.
fourth-generation NIO Power Swap Stations (PSS 4.0) (Source: NIO)
The EV maker also launched its fourth-gen power swap stations and 640 kW liquid-cooled power chargers. NIO says the new swap stations are compatible with several brands and reduces swap time by 22%.
NIO plans to build 1,000 power swap stations and 20,000 chargers to expand its network. The company recently partnered with Volvo and Polestar owner Geely to grow battery swap tech.
NIO stock chart over the past 12 months (Source: TradingView)
NIO stock is up nearly 9% on Tuesday following the release of its new flagship ET9 EV and technology. Shares are still down 43% from their 52-week high of $16.18 per share.
Electrek’s Take
NIO needed a jumpstart, and its new ET9 could be it. Although expensive at $112,000 (800,000 yuan), the ET9 could help NIO establish itself among the premium automakers. However, that won’t be until 2025.
The EV maker is still losing money. NIO posted a net loss of $624 million (RMB 4.6 billion) in Q3. Last month, NIO announced it was trimming around 10% of its staff last month amid the intensifying competition in its home market.
NIO received a $2.2 billion investment from Abu-Dhabi’s CYVN Holdings two weeks ago. With the new funds, CYVN will become a major shareholder. The company said it will look for strategic partners to expand its tech.
“With the enhanced balance sheet, NIO is well prepared to sharpen brand positioning, bolster sales and service capabilities,” NIO’s CEO William Li explained.
With a new flagship model and exciting tech on the way, NIO aims to continue expanding the brand. The EV maker expects to deliver between 47,000 and 49,000 EVs in Q4, up 17% to 22% from last year. Revenue is expected between $2.2 billion and $2.3 billion.
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Royal Enfield’s new electric motorcycle brand, Flying Flea, just pulled the wraps off its second model – the scrambler-inspired FF.S6 – at EICMA 2025, and it’s an agile, tech-packed machine that brings serious trail-ready vibes to city streets.
Inspired by the iconic 1940s Flying Flea motorcycle (which was literally parachuted into battle, hence the logo), the FF.S6 is a modern reimagining with off-road chops and futuristic tech. Royan Enfield assures us that this is a far cry from an average urban electric motorcycle. Instead, it’s a lightweight, connected, and capable machine that blends classic scrambler style with serious smart features.
Built on a lightweight frame with staggered 19-inch front and 18-inch rear wheels, a USD front fork, and chain final drive, the FF.S6 is ready for both tight urban corners and loose gravel backroads. A high-torque electric motor paired with a magnesium finned battery case keeps weight low while enhancing cooling, and the long enduro-style seat offers comfort for longer rides.
Tech-wise, the FF.S6 goes way beyond what you’d expect from a typical commuter. A circular high-res touchscreen display nods to the original Flying Flea while delivering fully connected features, including lean-angle sensing ABS, traction control, off-road mode, and built-in navigation. Voice Assist lets riders launch music or maps hands-free through their phone, and OTA updates ensure the bike gets smarter over time.
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The system is powered by a Snapdragon QWM2290 processor, the same class of chip you’d find in advanced smartphones. Riders can use a smartwatch or phone app to manage everything from keyless start to charging status and diagnostics.
Production of the FF.S6 is expected to begin by the end of 2026.
Electrek’s Take
Sure, this is largely just an experiment in applying some mods to the same motorcycle prototype that Royal Enfield showed us last year, but it’s a cool-looking example of it! And while we’re still waiting to see what these bikes will cost (not to mention a few more hard and fast tech specs), I’m glad to see that Royal Enfield’s Flying Flea team is jumping in with bold design and bleeding-edge software. The FF.S6 looks like a scrambler but thinks like a smartphone and rides like an urban bike – likely. And for a new wave of connected urban riders, that might be the perfect combination.
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A turbine blade is lifted onto a rack near tower sections at the Revolution Wind project assembly site at State Pier in New London, Connecticut, US, on Friday, Oct. 24, 2025.
Bloomberg | Bloomberg | Getty Images
Danish renewables giant Orsted on Wednesday reported a quarterly net loss as the beleaguered company continues to battle U.S. President Donald Trump’s anti-wind policies.
The world’s biggest offshore wind farm group posted a net loss of 1.7 billion Danish kroner ($261.8 million) for the July-September period. The result, which was slightly better than analysts feared, was significantly down from profit of 5.17 billion Danish kroner in the same period last year.
The company, however, reiterated its full-year earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance of 24-27 billion Danish kroner, excluding earnings from new partnerships and cancellation fees.
It comes shortly after the company announced it had reached a deal to sell a 50% stake in its Hornsea 3 offshore wind farm in the U.K. to Apollo Global Management in a deal worth $6 billion.
“I’m satisfied with the good progress across our entire construction portfolio and our solid operational performance,” Orsted CEO Rasmus Errboe said in a statement.
“Our key focus is to continue delivering on our business plan, which will enable Ørsted to remain a global leader of offshore wind with a strong foothold in Europe,” he added.
Shares of Orsted were 1.2% higher on Wednesday morning. The stock price has fallen sharply this year amid concerted efforts from the White House to halt several ongoing developments and suspend new licensing.
The firm on Wednesday said that operating profit came in at 416 million euros ($477.8 million) for the July-September period, above expectations of 305 million euros estimated by analysts in a company-compiled consensus.
Shares of Vestas jumped more than 14% on the news, soaring to the top of the pan-European Stoxx 600 index, as investors welcomed signs of a successful turnaround following years of losses.
Asked about some of the headwinds facing the wind industry, notably from the Trump administration, Vestas CEO Henrik Andersen said the company has a “well-established” supply chain in the U.S.
“For us, we see the U.S., both customers and the buildout in the U.S., as some of our core responsibility to help the U.S. with,” Andersen told CNBC’s “Squawk Box Europe” on Wednesday.
“Then sometimes maybe we have to get a bit of a slap that it is not everyone that likes the nature of a wind turbine. But I think, in general, … energy drives decision making and [the] cost of energy drives decision making,” he added.
Earlier this year, we covered the unveiling of the NIUMM, an electric microcar designed for urban residents (and especially those with a NIU scooter already, since it shares the same batteries). Now the company is actually bringing it to market.
The electric microcar was on display at EICMA 2025, the Milan Motorcycle Show, where NIU showed off how it shares the same drivetrain as its NQi-series scooters.
The small format L6e quadricycle uses a pair of NQi batteries – the same ones from NIU’s scooters – to power the little not-a-car up to around 70 km (43 miles) at speeds of up to 45 km/h (28 mph). That’s the maximum allowable speed for the L6e class.
For anyone who already owns the scooter, those two batteries may be sufficient. But the range can be nearly doubled by carrying a second pair of batteries in the convenient extra battery slots built into the vehicle.
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When the NIUMM was originally launched, it wasn’t yet clear if it was actually headed for production, or at least when that may be. But NIU’s Director of International, Sieghart Michielsen, explained that the vehicle is finishing homologation testing now, marking the last major obstacle to its commercial launch.
L6e quadricycles have carved out a unique and growing niche in European cities, where their compact size, low speed, and lightweight classification make them ideal for navigating dense urban environments. These light four-wheeled vehicles are limited to a top speed of 45 km/h (28 mph) and a maximum weight of 425 kg (excluding batteries), allowing them to be driven with a moped license in many countries.
That accessibility, combined with their affordability and electric drivetrains, has made L6e quadricycles especially popular among teenagers, city dwellers, and older adults looking for an easy-to-use alternative to cars.
One of the most iconic examples is the Citroen Ami, a no-frills, ultra-compact electric vehicle that has gained cult status in urban areas thanks to its minimalist design, €7,000 price tag, and availability through subscription or car-sharing services. My wife and I spent a week living with a Citroen Ami while on vacation in Greece, and it proved to be a fascinating way to navigate around.
Other standout L6e models like the Renault Twizy, the Microlino, and the Eli Zero, have helped demonstrate real demand for niche, small vehicles. These vehicles offer just enough comfort and protection from the elements for short city trips, while avoiding the cost, complexity, and parking headaches of full-size cars –making them an increasingly attractive option in Europe’s car-light future.
NIU could leverage the growing momentum for these types of vehicles if it can stick the landing with the NIUMM. While we still don’t have solid pricing or availability timelines yet, it looks like we’re looking at sooner rather than later.
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